Tudor Pickering downgraded shares of Chesapeake Energy Corporation (NYSE:CHK) from a buy rating to a hold rating in a research note published on Tuesday, MarketBeat reports. The brokerage currently has $4.00 target price on the oil and gas exploration company’s stock, up from their prior target price of $3.76.

A number of other equities analysts have also recently issued reports on CHK. Macquarie reissued a neutral rating on shares of Chesapeake Energy Corporation in a report on Monday, May 8th. Bank of America Corporation cut shares of Chesapeake Energy Corporation from a neutral rating to an underperform rating in a report on Thursday, May 11th. ValuEngine raised shares of Chesapeake Energy Corporation from a hold rating to a buy rating in a report on Thursday, May 11th. BMO Capital Markets reissued a hold rating and issued a $6.00 target price on shares of Chesapeake Energy Corporation in a report on Monday, May 15th. Finally, FBR & Co reaffirmed a sell rating on shares of Chesapeake Energy Corporation in a report on Monday, May 15th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $6.42.

Shares of Chesapeake Energy Corporation (NYSE CHK) opened at 3.64 on Tuesday. The firm’s 50-day moving average price is $4.18 and its 200 day moving average price is $5.03. Chesapeake Energy Corporation has a 1-year low of $3.55 and a 1-year high of $8.20. The stock’s market capitalization is $3.24 billion.

Chesapeake Energy Corporation (NYSE:CHK) last issued its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted ($0.14) earnings per share. Chesapeake Energy Corporation’s revenue was up 40.6% on a year-over-year basis. Analysts expect that Chesapeake Energy Corporation will post $0.76 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Tudor Pickering Lowers Chesapeake Energy Corporation (CHK) to Hold” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/09/09/tudor-pickering-lowers-chesapeake-energy-corporation-chk-to-hold.html.

In other news, Director R Brad Martin acquired 25,000 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $102,750.00. Following the transaction, the director now owns 547,358 shares in the company, valued at approximately $2,249,641.38. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank grew its position in Chesapeake Energy Corporation by 26.3% during the 2nd quarter. Toronto Dominion Bank now owns 249,025 shares of the oil and gas exploration company’s stock worth $1,238,000 after purchasing an additional 51,801 shares in the last quarter. Archford Capital Strategies LLC purchased a new position in Chesapeake Energy Corporation during the 2nd quarter worth approximately $984,000. Advisory Services Network LLC grew its position in Chesapeake Energy Corporation by 42.6% during the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after purchasing an additional 7,000 shares in the last quarter. North Star Asset Management Inc. grew its position in Chesapeake Energy Corporation by 16.4% during the 2nd quarter. North Star Asset Management Inc. now owns 860,965 shares of the oil and gas exploration company’s stock worth $4,279,000 after purchasing an additional 121,545 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Chesapeake Energy Corporation by 45.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 403,219 shares of the oil and gas exploration company’s stock worth $2,004,000 after purchasing an additional 126,910 shares in the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.

Chesapeake Energy Corporation Company Profile

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

Analyst Recommendations for Chesapeake Energy Corporation (NYSE:CHK)

Receive News & Stock Ratings for Chesapeake Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy Corporation and related stocks with our FREE daily email newsletter.